For something like seventeen years, I have been investing in entrepreneurs who have had the freedom to innovate on the Internet. It has been a powerful life lesson for me. These people imagine something, they create it, and they are off and running building a business, hiring employees, generating cash flow. They ask nobody for permission. They don't need any permits. They don't need any real estate. All they need is a server (now rented in the cloud from Amazon and others) and a laptop or two and they are good to go.
Almost of two decades of this environment of "permissionless innovation" has led to the creation of a huge new industry, which is global in nature, but unquestionably led by the US. Almost every young person I meet coming out of college these days wants to work in this industry.
This industry is the Internet industry.